Hanesbrands stock falls on earnings report

Hanesbrands stock falls on earnings report

Shares of Winston-Salem apparel manufacturer Hanesbrands Inc. closed 2.3% lower Thursday after the company reported earnings that failed to meet analysts’ expectations. Fourth-quarter net income rose nearly 32% to $157.1 million, but the company’s adjusted earnings per share of 53 cents fell 5 cents short of Wall Street estimates. Sales climbed 11.8% in the quarter to $1.57 billion.

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